The firm points out both Perion and reverse merger partner Conduit have two-year deals in place with Google, and that Perion also has a 4-year deal (inked earlier this year) with Yahoo.
The toolbars bundled by companies such as Babylon, Perion, and AVG have often been criticized as "foistware" that users wind up unintentionally installing, and sometimes have trouble removing.
Perion's two main consumer brands are IncrediMail and Smilebox. The company's products have had over 150 million downloads and have an installation base of more than 18 million. The company's stock rose in value early in 2013 due to strong growth forecasts. This growth is primarily the result of the adware and malware programs it distributes, among them Incredibar (a web search toolbar) and SweetIM (an instant messaging program), which are very difficult to remove after installation.